forwarded by Michael Hoover
> IBM's board of directors thanked chairman and CEO Louis Gerstner for
> restoring Wall Street's faith in the company with a $4.5 million bonus
> and stock options in 1997, according to a financial statement filed
> Monday.
>
> Last year's bonus marks a 38 percent inc
In a message dated 98-03-17 05:07:29 EST, you write:
<< definitely was going to sink?
However, if you consult the archives of Marxism-International, you will
see that the alternatives are what we talk about all the time.
M >>
Good, I am glad someone has it all worked out then.
But the subtext, Dennis, is that there is ONE capitalist
world-system and analysis has to BEGIN WITH the totality, and that
MARXIST problematic immediately factors out the relevance of your
obsession with nation-states, national competitiveness and other
sub-spenglerian themes.
>What gibberish-
At 05:36 p.m. 3/17/98 -0500, Barkley wrote:
>Jim,
> My only disagreement is when you say that PPP measures
>long-run power. PPP generally shows poorer countries not
>as far behind richer countries as do official GDP stats.
I was referring to the fact that the actual exchange rates fluctu
Ricardo Duchesne wrote:
> Alternative? For the Latin American left today this type of
> revolutionary politics has long been discredited. Che may still be
> respected but his strategy is not. Have you not heard the term "new
> social movements"?
>
> ricardo
Unfortunately the Latin American Lef
You need a long spoon to sup with the IBRD, it's true. However,
propaganda which relies upon publicly abandoning the most significant
indicator of market-driven progress is pretty double-edged. It's
tacitly abandoning the capitalist dream altogether.
Doug, do you know any insiders at Schroder
At 10:13 PM 3/17/98 +0800, Anthony D'Costa wrote:
>What gibberish--the world-system with a hyphen is an obsession of those
>Wallersteininian folks. Since when has nation states vanished and therefore
>national competitiveness? It is premature to write off the state.
Regardless of whether you're
Quoth Dennis, following a nearly unsolicited confession:
> Speaking of the devil, Warren Buffet recently turned bullish, a sure sign
> of imminent market doom. Anyone want to bet when the business cycle is
> going to turn? My crystal ball sez, it's already started, only in Asia
> instead of Cali
This is a great piece of work by Lou Proyect, and great to see
Barbara Bradby cited. She and I were friends years ago and there
weren't many Irish pubs in north London we didn't sink a Guinness or
two. She was a great fiddle player, as well as an outstanding Marxist
anthropologist. She spent much
Jim,
My only disagreement is when you say that PPP measures
long-run power. PPP generally shows poorer countries not
as far behind richer countries as do official GDP stats.
But that is because of the non-marketed component. But as
you yourself noted, the GDP component reflects exchang
On Tue, 17 Mar 1998, Mark Jones wrote:
> Dennis, what actually ARE your politics?
Oh, I'm a Marxist who swears allegiance to the Transitional Program of
Grouchoism, whose main principle is that the first act of the revolution
will be a mass pie-in at all the boardrooms and corporate offices at W
BLS DAILY REPORT, MONDAY, MARCH 16, 1998:
Energy prices continued their nose dive in February, helping to
eliminate inflation at the wholesale level as measured by the Producer
Price Index for Finished Goods, which fell a seasonally adjusted 0.1
percent for the month, BLS reported (Daily Labor R
> Date sent: Tue, 17 Mar 1998 18:56:33 +
> Send reply to: [EMAIL PROTECTED]
> From: Mark Jones <[EMAIL PROTECTED]>
> To: [EMAIL PROTECTED]
> Copies to: [EMAIL PROTECTED],
> [EMAIL PROTECTED]
> Subject:Re: Marxism and the Indians of Peru,
Funny that no one should mention the UNDPs HDI (or did I miss it?). The
Human Develpoment Indicator comes up with a 0 to 1 figure, based on
indicators of health, income and eduaction. Health is a composite of infant
mortality, life expectancy, etc.; income is PPP'd; while literacy and
schooling
I fully agree with Doug and said so up front that
there are all kinds of problems in measuring these. He
gave some good examples why.
What is now HDI used to be called QLI. Sorry for the
confusion.
BTW, compared to Denmark, etc. another reason the US
looks better on PPP than G
Rosser Jr, John Barkley wrote:
> Would you say the same critical things about the UN's
>Quality of Life Index (QLI)? BTW, those have generally
>shown pretty good conditions for officially socialist
>countries. Cuba does pretty well compared with other Latin
>American nations. They even had
Rosser Jr, John Barkley wrote:
>Although Doug Henwood has said that
>PPP overstates living standards in poor countries.
>Probably not so.
I didn't say that. I said using PPP shrinks the apparent income gap between
rich and poor countries, which is of some ideological use to the capitalist
oinker
Doug,
Would you say the same critical things about the UN's
Quality of Life Index (QLI)? BTW, those have generally
shown pretty good conditions for officially socialist
countries. Cuba does pretty well compared with other Latin
American nations. They even had North Korea about even
wi
Mark Jones wrote:
>The fact is that GDP does not correlate in any definite way to welfare.
>Even the World Bank recognises this, since it doesn't rely on GDP figures any
>more as an idnex of client welfare. The trend to replace GDP with GPI (Genuine
>Progress Indicator) ...
You've got to be car
The bottom line, in my book at least, is that measures of the quality of
life (QLI) are efforts to gauge use-value, while measures of GDP, whether
deflated using a price index, the current exchange rate, or the PPP
exchange rate, are measures of exchange-value.
Under capitalism, it is the latter
It is much more useful to look at PPP measures of per
capita GDP rather than just per capita GDP, although they
remain very imperfect. Although Doug Henwood has said that
PPP overstates living standards in poor countries.
Probably not so. Ask yourself if someone could actually
live i
One of my reservations about the PPP technique is that I'm convinced that
the IMF and such use it to make global comparisons less embarrassing.
Zimbabwe's PPP at $2,030 sounds a lot better than its cash income at $540
(World Bank figures). Even so, Zim's PPP income was 8.6% of the US's in
1987, an
Dennis R Redmond wrote:
> Mark, I hate to break the news to you, but in 1990 a little thing called the
> Berlin Wall was bulldozed by, well, some revolutionaries. Germany's
> 11% unemployment is due to the collapse of the GDR economy; unemployment
> is 18% and higher in the ex-GDR, and many of th
I know this is going to sound hackneyed, but isn't 'And your alternative?'
more or less what Ismay asked the captain when told the Titanic
definitely was going to sink?
However, if you consult the archives of Marxism-International, you will
see that the alternatives are what we talk about all the
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